This paper re-examines the causal relationship between money and income and between money and prices in Pakistan using a longer annual data set from 1949–50 to 1998–99 and employing Granger causality and Error Correction Models. We also investigate the causal relationships through trivariate...

This study analyses stock price co-movements in a sample of fifteen emerging markets in Asia and Latin America using monthly data over the period January 1990 to December 1996. In addition interlinkages of the emerging stock markets with the world, regional and leading country markets are also...

While substantial fertility decline has started to take place in other countries of the south Asian region Pakistan has shown only a slight decline in the prevailing high fertility rates. Several demographers, economists and sociologists have emphasised the role of demand for children as an...

Energy sector is considered an important source of revenue generation for the government. However, given the price elastic energy demand structure, the revenue generating potential of this sector may be limited. This study examines this issue by analyzing the demand for different sources of...

This study analyses the institutional set-up of forest management in Pakistan, focusing on the North West Frontier Province, which houses 40 percent of the total forestlands. These areas have faced significant deforestation in the past. It is feared that if nothing is done to check this process,...

In order to prepare concrete policy proposals for the prOlllotion of the informal sector, it is essential to have a knowledgeable account of the basic characteristics and facts about this sector. This report presents the stylized facts about the urban informal sector, such as the characteristics...

The study, based on SAM-based CGE model, examines the impact of reduction in tariff on industrial imports on urban and rural households and on other broad macroeconomic aggregates. Based on simulation exercises for 40 percent, 60 percent and 80 percent reduction in tariff on industrial imports,...

This study attempts to provide an analytical answer to the important economic issue of whether workers’ remittances contributed to economic growth in Pakistan during the period 1972-73 to 2002-03. The quantitative evidence shows that workers’ remittances appeared to be an important source of...

The available literature in Pakistan is generally lacking in a critical examination of the issues related to intrahousehold resource allocation. This black box is due largely to the lack of individual-level data on dietary intake, anthropometric measures, decision making, time allocation, etc....

This paper is an attempt to get fresh estimates of the underground economy and tax evasion in Pakistan. Various methodologies have been used to measure the size of the underground economy, i.e., the monetary, fiscal, and labour market approaches in particular. The monetary approach has strong...